joining us from chicago steve cortez. all right, we have to talk about possible outcome that feels like stage is set. jim, now what? >> we'll find out, we will know by the end of this week, you will either have a deal or not. i suspect there is a lot of talking going on right now. if there is a deal, it has to be where everyone takes pain, and everyone can declare victory, if there is no deal, greece goes into chaos. charles: i think getting rid of this nut was a sign ready they are ready to negotiate. >> but the rest of the world is not, that is what it comes down to. charles: you mean -- no waiting for them? >> it is already accounted for as being wiped off of the book, germany they have tax payers too, they have citizens, france has citizens, italian, this is unsustainable they are like a spoil the child, spent too much money, they are screaming if they get more they will spend it. charles: i think even imf came out with a report last week, they need 60 billion euro over next 3 years to keep minimum going to. going, we

joining us, with charts you may have missed -- steve cortez.are 24 hours away from the apple extravaganza. talk us through some of the technicals. it has been on performing the nasdaq. >> the nasdaq has been hot. i'm not sure if it is new delhi or new york city we are in. the nasdaq hitting all-time highs in the comp. hitting multiyear highs. what's interesting is, lately, it's been able -- the army has been advancing without the general. most of the time apple is critical to the movement of the nasdaq and and tech as a whole. that has not been the case lately. historically, qqq is driven by apple. it is the lead driver of the overall sector. joe: something's got to give. either apple is cheap or nasdaq overall is too expensive. steve: i don't think apple is too expensive by most metrics. i think tech overall is too narrow, too dependent on google, netflix, a few highflyer names. ibm is looking really poor. a lot of tech capex is suspect. it tells me the qqq needs to come down and converge to apple. joe: this chart shows energy versus s&p, i be

and methamphetamine, joining us now david katz, tammy bruce, and back with us steve cortez.e, you know a lot of people say, "el chapo" exists because of americans, let's not so smug. if not a demand here there would not be a "el chapo." >> there undeny abilia that element could but still in all strategy has to be two fold, you go after production and user, one or the other independently. charles: tammy, war on drugs, i think almost more and more people willing to say it has been a failure. >> to some degree, it is also a treadepredatory dynamickic also. you have others, giving out free drugs, you could argue whether or not it is our fall, our fault is in open border, the abillty for his cartels, to come through even mexican military that goes to corruption of the government. charles: i think dave about 5 or 8 guards have been arrested. we know this is wide, i read where the sinaloa cartel spends up to a billion a year on bribes, this particular break out said to cost $50 million, his organization makes billions are dollars, they have all of the resources, his tunnel of 30 fe

macy's, 30 thousand customer cut their macy's credit card, some of you have tweeted it to me, steve cortezguess what a big winner in the market was ad, macy's, what is going on? >> despite poor retail data this week, i would say, you know i am so pro-immigration, i think that trump is a political dirty bomb to the republican party to demonize. charles: hold on a second, i get that, with respect to those remarks, but his favor billty has gone through the roof. >> for now. charles: and things are happening that are resonating with a lot of americans. >> sure. charles: so, you know -- >> charles a lot of people are angry, they should be because of slow growth, that is because of state is economic policies -- stat is ik kim co economic polif washington d.c. uimmigrants are entrepreneurial. charles: no doubt in my mind that donald trump will try to get those votes. we'll divide the line, he said, even mexican americans are offended when someone jumps over the line, il illegally and takig their spot. a lot of people are upset about that. get back to macy's. a big hedge fund guy, feels like big w

welcome back, i am sandra smith, it is july 21st, steve cortez of veracruz and mercedes holland.e your top stories, 6:30 a.m. gold again trading at its lowest level in five years as more investors prepare for the federal reserve to raise interest rates. futures markets this morning in addition to sell-off in gold, the u.s. stock market futures down for the dow jones industrial average, at 11 points, diaz and the unchanged, nasdaq futures looking like we might see another record open for the nasdaq this morning, microsoft always a big winner around learning, world's second largest copper co. reported fourth quarter results after the close today, expected to post a drop in revenue as buyers wait for the next iteration of windows due out next month, we are looking for is that. investors waiting on more details about the company's latest round of job cuts in its ailing phone business and the impact of stronger u.s. dollar, a big theme throughout earnings season. apple and other big-name reporting "after the bell". don't miss fox business complete coverage of earnings after the close